Nissan’s topman claims: “EV will only make up 10% share of the global market a decade from now”

Roland — Sun, 27 Sep 2009 21:04:06 +0000

A lot of car makers are entering the electric vehicle segment and consumers are finding the more efficient vehicles a good buy. Recently, Toyota and Honda have announced that they will also be joining the race for the EV segment. With all the clamor, EVs might be ruling the roads soon.

The CEO of Nissan, Carlos Ghosn, tries to convince everyone that it might not be the picture of the near future. Automakers recently had a convention in Michigan to discuss the future of the industry including the upcoming technologies and vehicles.

During the briefing, the spotlight was on the hybrids from GM and also on the EV being developed by Nissan. A lot of car manufacturers hinted that they are also developing their own electric vehicles but none of them believed that EVs will dominate the market anytime soon.

The forecast of the Nissan topman suggests that EVs will get a small chunk of the global car industry with 10% of sales in a matter 10 years. Through that time period further engine technologies and possibilities will be enhanced or be developed.

Product development though of car makers is still on hybrids, diesels, and the usual gas run engines. No one denies though that EVs will get a foothold into the market. So for now, Nissan and other car makers will sell what can sell and continue to experiment and perfect their EV concepts.

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Nissan’s topman claims: “EV will only make up 10% share of the global market a decade from now”